Could Alphabet Inc Increase After Today’s Tip From Option Traders?


 Could Alphabet Inc Increase After Today's Tip From Option Traders?

In today’s session Alphabet Inc (GOOGL) recorded an unusually high (176) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious GOOGL decrease. With 176 contracts traded and 2524 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: GOOGL161021P00755000 closed last at: $1.35 or 25% down. The stock increased 0.30% or $2.41 during the last trading session, hitting $802.79. About 1.26 million shares traded hands. Alphabet Inc (NASDAQ:GOOGL) has risen 8.56% since March 2, 2016 and is uptrending. It has underperformed by 0.68% the S&P500.

Analysts await Alphabet Inc (NASDAQ:GOOGL) to report earnings on October, 27. They expect $6.64 earnings per share, up 15.88% or $0.91 from last year’s $5.73 per share. GOOGL’s profit will be $4.46 billion for 30.23 P/E if the $6.64 EPS becomes a reality. After $7.00 actual earnings per share reported by Alphabet Inc for the previous quarter, Wall Street now forecasts -5.14% negative EPS growth.

Alphabet Inc (NASDAQ:GOOGL) Ratings Coverage

Out of 38 analysts covering Google (NASDAQ:GOOGL), 36 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 95% are positive. Google has been the topic of 79 analyst reports since August 8, 2015 according to StockzIntelligence Inc. Nomura upgraded the shares of GOOGL in a report on Wednesday, December 9 to “Top Pick” rating. The firm has “Overweight” rating given on Monday, December 21 by Pacific Crest. The rating was maintained by Maxim Group with “Overweight” on Wednesday, June 8. The firm earned “Buy” rating on Monday, December 28 by Axiom Capital. The stock has “Overweight” rating given by JP Morgan on Friday, October 23. The stock of Alphabet Inc (NASDAQ:GOOGL) earned “Overweight” rating by Morgan Stanley on Wednesday, August 12. The firm has “Buy” rating by Argus Research given on Monday, October 26. The stock has “Buy” rating given by Rosenblatt on Friday, October 23. As per Friday, October 23, the company rating was maintained by Piper Jaffray. Credit Suisse maintained the shares of GOOGL in a report on Friday, October 9 with “Outperform” rating.

Alphabet Inc. is a holding company. The Firm holds interests in Google Inc. . The company has a market cap of $539.67 billion. The Company’s divisions include Google and Other Bets. It has a 30.52 P/E ratio. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

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